Which type of unemployment is experienced by a person who is laid off at an office because word processing equipment and software reduce the need for typists?

The figure above shows a monopoly firm's demand curve. At point t

A) demand is elastic. B) demand is unit elastic. C) demand is inelastic. D) total revenue is at a minimum.

The effect of a rise in peoples' incomes on equilibrium price and quantity of Florida orange juice is to

a. increase equilibrium price and quantity b. decrease equilibrium price and quantity c. increase equilibrium price and decrease equilibrium quantity d. increase equilibrium quantity and decrease equilibrium price e. decrease equilibrium price and increase equilibrium